Occupational pension schemes in Switzerland, also referred to as the second pension pillar, are governed by the Federal Act on Occupational Old Age, Survivors' and Invalidity Pensions (OPA). Pension schemes covered by this law are permitted to hand over to private life insurers all or part of the capital management and the risks which they are unable or unwilling to bear themselves.
These OPA or group life insurers are subject to supervision by FINMA as private life insurance companies. They
The transparency report on second-pillar activity published annually by FINMA aims to increase transparency of occupational pension schemes and to positively influence the conduct of private insurers.
FINMA compiles this report on the basis of figures submitted bz the group life insurers. The report includes key indicators such as cost ratios, dividend ratios (profit participation of insured parties) and the performance of capital investments. These indicators highlight the strengths and weaknesses of market participants and permit performance comparisons. This is beneficial for companies requiring pension coverage and their employees.